ASTL 1QFY27 loss narrows 92%

Amreli Steels Limited (ASTL) reported a net loss of Rs60.57 million for the quarter ended September 30, 2026, 92.3% lower than its Rs790.36 million loss a year earlier, Mettis Global reported. Loss per share narrowed to Rs0.18 from Rs2.66 in the corresponding quarter of FY26.

Quarterly net sales climbed to Rs10.45 billion from Rs2.79 billion, while gross profit reached Rs983.58 million compared with Rs18.65 million. Operating results swung to a profit of Rs530.51 million from a loss of Rs216.49 million, and finance costs fell 32.6% to Rs588.17 million. The company nevertheless remained in the red after recording a Rs130.55 million levy, partly offset by a tax credit of Rs127.64 million.